Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) announced a monthly dividend on Tuesday, March 12th, Wall Street Journal reports. Investors of record on Thursday, March 21st will be given a dividend of 0.0575 per share by the investment management company on Friday, March 29th. This represents a $0.69 annualized dividend and a dividend yield of 8.31%. The ex-dividend date of this dividend is Wednesday, March 20th.

Aberdeen Total Dynamic Dividend Fund has decreased its dividend payment by an average of 2.7% per year over the last three years.

An institutional investor recently raised its position in Aberdeen Total Dynamic Dividend Fund stock. Geode Capital Management LLC raised its position in shares of Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) by 9.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 298,557 shares of the investment management company’s stock after acquiring an additional 25,554 shares during the quarter. Geode Capital Management LLC’s holdings in Aberdeen Total Dynamic Dividend Fund were worth $2,152,000 at the end of the most recent quarter.

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